RAJOOENGNSERajoo Engineers LimitedHighNegative
Announced Tue, 28 Apr · 20:32 IST

Rajoo Engineers Limited has informed the Exchange about Resignation of Director/KMP/SMP

Kmp ResignedManagement Changes View source PDF

RAJOOENG · price

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Price reaction · full curve 14 horizons · vs prior close
-17.9%1-day move
₹70.95
prior close
₹61.51
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-1.3-2.0-2.5-17.9-20.0-20.6-16.8-15.7-17.0-21.9-22.8-25.5
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AI summary

Mr. Nikhil Vasantbhai Gajjar has tendered his resignation from the position of Company Secretary and Compliance Officer at Rajoo Engineers Limited, effective April 30, 2026. He had held this role since February 6, 2026. In his resignation letter addressed to the Board, Gajjar cited professional reasons as the cause and confirmed there are no other material reasons behind his departure. He has committed to completing all handover formalities to ensure a smooth transition. The company has simultaneously appointed new auditors including M/s. Savjani & Associates as Internal Auditor and M/s. Shailesh Thaker & Associates as Cost Auditors, both effective April 1, 2026.

Likely market impact

The resignation of the Company Secretary and Compliance Officer (a KMP) could raise concerns about governance and regulatory compliance readiness in the short term, though the company appears prepared with new auditor appointments. Investors should monitor for timely appointment of a replacement.